Talon Private Wealth LLC Buys New Stake in Cheniere Energy, Inc. $LNG

Talon Private Wealth LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, HoldingsChannel.com reports. The firm purchased 8,605 shares of the energy company’s stock, valued at approximately $2,442,000.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Trivium Point Advisory LLC increased its holdings in Cheniere Energy by 38.8% in the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after buying an additional 15,927 shares during the period. J. Safra Sarasin Holding AG increased its holdings in Cheniere Energy by 227.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock valued at $3,014,000 after buying an additional 10,774 shares in the last quarter. Lewis Asset Management LLC raised its holdings in Cheniere Energy by 127.4% in the 4th quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock worth $1,701,000 after purchasing an additional 4,903 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $1,472,000. Finally, Thrivent Financial for Lutherans raised its position in Cheniere Energy by 17.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock worth $14,930,000 after acquiring an additional 11,270 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Expansion milestone: Cheniere received approval to introduce natural gas into its final LNG expansion plant. This advances commissioning and supports the company’s longer-term growth in LNG production and exports. Cheniere gets approval to introduce natural gas into final LNG expansion plant
• Positive Sentiment: Dividend maintained: Cheniere declared a quarterly dividend of $0.555 per share, or approximately $2.22 annualized, payable August 18 to shareholders of record August 10. The roughly 0.9% yield provides a modest income return and signals continued shareholder distributions. Cheniere Declares Quarterly Dividend
• Neutral Sentiment: Constructive LNG backdrop: Coverage highlights strong global LNG export demand and Cheniere’s positioning to benefit from the broader natural-gas export boom. However, the company remains exposed to commodity prices, project execution and elevated leverage.
• Neutral Sentiment: Several other items focused on EQT, Expand Energy and Chevron rather than Cheniere and are unlikely to have a direct effect on LNG shares. The available news does not identify a specific negative development explaining the session’s weakness.

Cheniere Energy Trading Down 1.3%

Shares of Cheniere Energy stock opened at $252.43 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The stock has a market cap of $52.90 billion, a price-to-earnings ratio of 41.52 and a beta of -0.01. The company has a fifty day simple moving average of $244.78 and a 200-day simple moving average of $243.20.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is presently 36.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley decreased their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Barclays raised their price target on Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $298.88.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.